IBM will remain profitable. It's not said but their focus is on hiring contractors instead of full time employees. That isn't finished yet either. If you work for a company that uses IBM services, you'll find that most of the time, you're talking to a contractor. But that's pretty much all of the IT service culture now days.
Can't wait to see how much the $125 May calls are worth tomorrow considering I cashed out at 1.20 from a .80 entry. Argh.